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Fiery Market Crash Thread

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Remember when we used to just blame witches for everything?

That would be cool to just go back to.

Things that have caused people to legally invest (according to actual words i've seen/heard out of peoples mouths the past few days"

Hate Speech
Racism
Anti-Semitism
Toxic Masculinity
Nihilism
Misinformation
Steve Bannon and His Cronies (lol!)
Trump
 
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AKAK said:
You guys ever just start turning off location data on your phone out of paranoia at times like this? I don't, but I feel like I want to right now.
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Nah man, I think I’ve just given into it.

I’m at the point now if I need a good deal on something I’ll just say the product name clearly into my phone and poof, ad deals everywhere I browse. :biggrin2:

(somewhat joking)
 
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Nigel Tufnel said:
I'm just trying to figure out why the hedges don't just open new shorts now that they've closed out the old ones. These stocks are propped up way beyond reasonable value - seem doomed to fall at some point.
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Well, I think some are (if the others are closed out) and of course that's the conspiracy theory around the Robinhood limiting the ability to open new postitions, thus only allowing people out, and thus making sure those new shorts pan out.

But, at some point the trading will continue and what are they gonna have to pay to keep those positions if the price is volatile? As a group it looks like folks are about 5 billion in the shitter on this, I don't think there's probably a lot of appetite, plus, short term, the best way to hedge your short is buy.
 
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Someone smarter than me, what’s stopping Gamestop from issuing an offering for shares (other than board approval)? Wouldn’t that allow them to cash in on this and also dillute the current shares?

I feel like a big investor(s) should be begging to back that in some backroom deal.
 
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buckeyemania11 said:
This dinosaur is big mad

How dare normal everyday people try to get a fair share!

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Relevant? You tell me:

In September 2016 the U.S. Securities and Exchange Commission charged Cooperman and Omega Advisors with insider trading, more specifically for "trading stocks, bonds and call options of Atlas Pipeline Partners in July 2010 on information he obtained from an executive at the company."[2] Cooperman's firm agreed to a $4.9 million settlement with the SEC in May 2017 but admitted no wrong-doing.[3]

https://en.wikipedia.org/wiki/Leon_Cooperman
 
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